Philippines, Sweden team up to develop ‘smart green city’

The state-owned Bases Conversion and Development Authority (BCDA) in the Philippines has partnered with the government of Sweden and two Swedish firms to build the Clark Green City, the first smart, disaster-resilient and green metropolis in the Philippines.

BCDA signed a Memorandum of Understanding (MOU) on Monday with Sweden’s state-owned IVL Swedish Environmental Research Institute (IVL), and two Swedish firms ElectriCITY and Xeric AB to develop and build the 9,450-hectare Clark Green City in Central Luzon.

The MOU is a three-year collaboration project of BCDA and the Sweden-based entities aimed at exploring potential collaborative opportunities in relation to sustainable urbanization, best practices in urban development, and providing business solution services in Clark Green City.

Also Read: Hong Kong’s ADM Capital, BPE Asia to invest $150m in Philippines office space project

“We welcome IVL, ElectriCITY, and Xeric as the newest partners of the BCDA in the development of Clark Green City and look forward to a fruitful collaborative partnership through knowledge and technology transfer, research and development, and business investments,” said BCDA president and CEO Arnel Paciano Casanova.

Among some of the partnership’s goals include sustainable city planning, energy, infrastructure and utilities, eco-governance, clean technology, information technology and smart development, products, and solutions, sustainable resource management, waste management and recycling, and training and education.

IVL is the oldest research institute in Sweden established in 1966 involved in the development of solutions to environmental problems, at national and international level.

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ElectriCITY is a non-profit organization backed up by big Swedish firms while Xeric provides business consultancy services for small and medium enterprises.

Only last August, BCDA signed a partnership agreement with Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) that has opened the discussions for the creation of a joint venture that will facilitate concession rights at Clark Green City.

Also Read:

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.